A car dealer recently sold five cars for the following profits: $10,126, $9,999, $12,398, $12,007, and $4,567. What was the mean for the profits of the sales?

Question

Question 20 options:

A)

$12,398.00

B)

$8,906.00

C)

$10,375.00

D)

$9,819.40

Answer 1

To find the mean profit from the sales, follow these steps:

1. Add the profits together: \[ 10,126 + 9,999 + 12,398 + 12,007 + 4,567 \]

   Performing the addition step-by-step:

   • \(10,126 + 9,999 = 20,125\)
   • \(20,125 + 12,398 = 32,523\)
   • \(32,523 + 12,007 = 44,530\)
   • \(44,530 + 4,567 = 49,097\)

   Thus, the total profit is \(49,097\).

2. Count the number of sales: There are 5 sales.

3. Calculate the mean: \[ \text{Mean} = \frac{\text{Total Profit}}{\text{Number of Cars Sold}} = \frac{49,097}{5} = 9,819.4 \]

Therefore, the mean profit for the sales is $9,819.40.

The correct answer is: D) $9,819.40